SBI Corporate Utility Credit Card

Mr. Sharma enjoys great discounts on dining with his Credit Card. What about you? Get A Card

Overview:

The SBI Corporate Utility Credit Card is a blessing in disguise for all companies looking for simple and hassle free ways to pay their utility bills. Easy to use along with plenty of benefits, this card allows corporates to manage their spends and also their savings. Security and transparency is given utmost priority and customers can also benefit from a variety of other convenient and advantageous features. In short, this is a must-have card for all companies.

Mrs. Sharma enjoys cashback on all her retail purchases. You could too! Get A Card

Benefits of the SBI Corporate Utility Credit Card:

Spend Analysis:

Thanks to the facility of VISA Intellilink Spend Management, controlling the amount of spends and managing finances better is a lot easier.

Smarter Expense Management:

This facility allows companies to keep track of all the expenditures from service providers and thereby exercise greater control over all costs. Apart from this corporates can also negotiate improves rates with those that provide services such as landline, telecom and insurance among others.

Faster Data Processing:

SBI Corporate Utility Credit Cardholders can now monitor the everyday expenses and spends and cardholder transactions world over.

Flexible Reporting:

Corporates using the SBI Corporate Utility Credit Card have access to an interface and dashboard that is simple and easy to use along with 24/7 information availability and also immediate access to expense management.

Spend Category Control (SCC):

Except for those pertaining to Utility Merchants and providers, all other merchant category codes are blocked on the SBI Corporate Utility Card. Because of this, there is enhanced security which in turn reduces the risk of fraud and also provides more control.

EMV Cards:

Due to the fact that SBI Corporate Utility Credit Cards are EMV cards, better security is assured, providing protection against skimming and counterfeiting.

24/7 Services:

Relationship Managers and the dedicated service desk team provides assistance and provide support to any needs from the organisation at any given time.

World-wide Acceptance:

The SBI Corporate Utility Credit Card can be used anywhere within the country for all utility merchants and is an international utility card.

E-statements:

Corporates using the SBI Corporate Utility Credit Card can now receive their monthly statements via e-mail every month. The Corporate will receive two statements every month.

Consolidated Payment Option:

Corporates are allowed to make a single consolidated payment for all its employees in order to manage the Utility bills of the Corporate better. Apart from this Corporates will be required to pay twice prior to the due date mentioned in the two e-statements that are sent each month.

Features of the SBI Corporate Utility Credit Card:

SBI Corporate Utility Credit Card utilizes the Visa Bill Pay - Corporate facility which is an online solution enabled for all corporates to pay their monthly utility bills. It can be accessed by logging on to the official website anytime and anywhere so as to make payments.
There are many benefits to the Visa Bill Pay - Corporate:

This platform provides complete flexibility and also an easy way to make payments.

There is a better control and also is a more convenient outlet.

The Visa Bill Pay - Corporate Facility is available online at all times.

Transparency is guaranteed along with compliance

Security is given utmost priority and making payments through the Visa Bill Pay - Corporate is completely safe and secure

Fees and Charges for the SBI Corporate Utility Credit Card:

A period of 15 to 32 days and this is applicable only on retail related shopping, if the outstanding balance amount from the previous month is paid completely

Extended credit - Finance Charges (only for a consolidated statement)

A maximum of 3.35% per month or 40.2% per annum calculated from the date of transaction.

Total Amount Payable

For consolidated statement it is the total outstanding amount due.

Extended credit - Minimum Amount Due

It is the total amount that is due

Invalid Cheque or Cheque Bounce

2 % of the cheque amount or a minimum of Rs. 350 and Invalid Cheque a maximum of Rs. 500

Chargeslip Request

For each chargeslip, Rs. 225 is charged

Overlimit

A minimum of Rs. 500 or 2.5% of the overlimit amount

Foreign Currency Transaction

Conversation markup : 3.5%

Replacing the card

Complementary

Order of Payment

The first is the total amount that is due and this includes settlement of GST. This is then followed by fees and other charges followed by interest charges, retail outstanding and finally cash advance.

SBI Corporate Utility Credit Card FAQs:

Is there a joining fee charged while procuring the SBI Corporate Utility Credit Card?

No, there is no joining fee charged while procuring an SBI Corporate Utility Credit Card

How many e-statements do corporates receive for the SBI Corporate Utility Credit Card?

Corporate Utility Card Consolidated Statement which is generated on the 2nd of each month. This statement includes all details related to all the card account for the corporate.

Corporate Utility Card Interim Statement is generated on the 13th of each month. This statement provides details of the debit transactions of all the card account for the corporate and this is for a period of 3rd to 13th of that particular month.

Is there any fee charged on late payment?

Yes, fee is charged based on the total amount that is due. Further details are given in the table below.

Total Amount Due

Fee Charged

< Rs. 200

Nil

Rs. 201 - Rs. 500

Rs. 100

Rs. 501 - Rs. 1000

Rs. 200

Rs. 1001 - Rs. 10,000

Rs. 500

> Rs. 10000

Rs. 750

Is there a fee charged on replacing the SBI Corporate Utility Credit Card during an emergency?

No, there is no fee charged for an emergency card replacement and is complementary.

Is there an annual fee charged on the SBI Corporate Utility Credit Card?

No, there is no annual fee that is applicable on the SBI Corporate Utility Credit Card.

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar’s partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

SBI Corporate Utility Credit Card Reviews

My credit card is free for the first year the annual fee would be 499 from second year onwards. Credit limit is the one which determines the satisfactory level, in that way, I got very good credit limit from the bank and it is much convenient for my usage. Whenever I use my card for shopping, the bank is prompt in crediting reward points and other cash back offers.

I have taken IRCTC credit card from SBI, because I keep traveling. I am always getting discount on train tickets. Their offered me good credit limit its good and satisfactory. When I was working with previously company they gave 50,000 to 60,000 it was sufficient.

SBI is okay but they are not as good as AXIS Bank in term of credit card. I have been using the card around two years, so far they didn't increase the credit limit. I am getting Online shopping offers in Amazon and flipkart its nominal, I am fine with that.

SBI has offered me a credit card as well and the bank provides me good offers. They send me regular alerts about the ongoing offers and the bank has given me a good credit limit too. There is a annual fee of 500 and the statements are on time with clear details.

SBI Credit card is some what okay. I am holding this SBI credit card for about 4 month this card was taken a few months back no compliments were provided. I had received this card through a third party and i did not receive any compliments . However I had received the welcome letter and Tariff sheet.

I wont recommend SBI credit card because they are charging lot of charges and the annual charges are really high and it is very difficult to reach their customer care. The reason for calling them was because, I had to foreclose the loan for which I had to wait for about one hr and 20 minutes and they dont have an option to out call their customers back for which, I had to stay on the call and I had to foreclose the EMI.

I hold a credit card with State Bank of India. I would not say it is excellent, but it is good and hassle free. The charges and interest is normal and there are good deals online. The EMI options are pretty flexible and the bank has given me a good limit too.

The credit card offers are good at SBI. The best about the card is I can use it anywhere and all my transactions goes through without any issues. There are discounts and cash back offers and there are no charges taken for the card as well. The customer services are also good.

I have closed the SBI gold credit card. If I use this card and spent Rs.70,000 in a year , the annual fee of Rs.500 will get waived . I was using this card from around 4 to 5 years. The customer service is Average with this card. They haven't gave any offer with SBI gold card. I was happy with the credit limit.

I am holding a SBI Credit card for two months now they have offered me the credit limit of around 62000 rupees , and the annual charges of this card is around 3000 rupees and the annual charges can be waived off if spending around three lakhs this was not informed to me earlier after receiving all this details are getting displayed

SBI has offered me a credit card as well and from my personal experience there could be more offers and a better credit limit on the card. The customer services and response is good and the statements has always been transparent and on time to me.

Credit card offer wise SBI is good, they are giving good feature on the card. But their service is not upto the mark, because they wont response properly. Whenever I call their customer service, IVR system takes time to connect with the executive and then also won't get sufficient service. SBI needs to improve the response and communicate part.

SBI has offered me a credit card as well and the limit the bank has offered me is excellent. Though I have not explored on the card much. I am happy with the process . I got the card on time after me applying for it and they have also offered me good deals too.

My credit card is with State Bank of India. I am more than satisfied with the deals I get on the credit card and it has been perfect till date. The credit limit is also good and the bank has always been on time to send me the details and the billing dates is also convenient for me.

To reach the customer service with State bank we need to talk to IVR for a long time and it takes minimum 15 minutes time to reach the executive and After all this struggle once we reach the executive they will keep our call on hold. The customer support need to improved with SBI. I use the SBI simply save card for past 3 years. I pay the annual fee of Rs.500. I am satisfied with the credit limit but not with the service.

Recently I have received Sbi simply click credit card. The response with Sbi credit card is good. They have disbursed the card within 7 days of time. This card has the annual fee Rs,500. I am not satisfied with the credit limit, still they can increase the credit limit with this SBI simply click card. The reward points , cash back offers are available with this card then I can redeem the reward points as cash.

I am kind of okay with SBI but, I am dis -satisfied with the credit limit which is 18k which is too less because the other banks are offering a very good or a better limit. I did not ask them to increase the limit as I am expecting minimum of 30k as I am drawing about 42k

I use future bazaar credit card with State bank of India. This card is really useful and It is quite comfortable. Even SBI provides a good credit card services than the other services. I do not have any experience in loan services but as per my experience in cards and savings account, credit card service is far better than other service.

I use gold card with State bank of India. When it comes to credit card, SBI is quite good. Because whenever I reach out to their customer support, they are really helpful and there is no need to visit the bank for the resolution. In that way, SBI is good.

I had closed my credit card recently. I faced some issues with State bank of India where I had taken a credit card. And I used the card for sometimes. Then I was keep on facing many issues with the bank so I decided not to use the card henceforth and closed it.